Summary Islamabad reinforces military on border, minister says Pakistan will only use nuclear weapons if 'existence threatened' Calls on world powers to protect water-sharing pact ISLAMABAD, April 28 (Reuters) – Pakistan's defence minister said on Monday a military incursion by neighbouring India was imminent in the aftermath of a deadly militant attack on tourists in […]

Summary First-quarter GDP contracts at 0.3% rate Front-loading of imports ahead of tariffs weighs on GDP Consumer spending grows at a slow, but still healthy pace Inflation cools in March before tariffs escalation Wages maintain moderate growth pace in first quarter WASHINGTON, April 30 (Reuters) – The U.S. economy contracted for the first time in […]

Crude oil's decline shows no signs of ending, with prices sinking more than 2% below $57 per barrel on Thursday morning as markets brace for a potential OPEC+ supply hike and rising signs of economic stress across major economies. West Texas Intermediate crude futures – as closely represented by the United States Oil Fund USO […]

President Trump describes his administration's sweeping new tariffs on other countries as a tool for accomplishing a range of key economic goals, including reviving U.S. manufacturing. Recently, he's been highlighting another aim: lowering, or even eliminating, individual income taxes for most Americans. "When Tariffs cut in, many people's Income Taxes will be substantially reduced, maybe […]